Business · 1 hour ago
UK midcap shares reach a record high before Bank of England rate decision
Britain's top 100 companies also climbed 0.5% on Thursday to reach their highest level in nearly three months. Banking shares led the gains, with HSBC jumping 1.2% ahead of the first interest rate increase in three years. The central bank is expected to raise borrowing costs by a quarter-percentage point to tackle 3.5% inflation linked to the US and Israel's war on Iran.
Reported by Reuters · How we write briefs